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The draft law on TORs was adopted by the State Duma in the second reading with a number of amendments

The State Duma adopted in the second reading the bills “On the territories of advanced social and economic development in the Russian Federation” and “On amendments to certain legislative acts of the Russian Federation in connection with the adoption of the Federal law“ On the territories of advanced social and economic development in the Russian Federation ”.

The bill was amended as follows:

1. The territories of advanced development will be created for a period of 70 years. The term can be extended by decision of the Government. The resident can not conclude an agreement on the implementation of activities with the management company TOP for a period that will exceed 70 years. The previous version of the bill did not determine the life cycle of the TOP.

2. The scope of the project's application has also extended to activities related to aquaculture and fisheries. This amendment eliminates possible conflicts in the legal regulation of fisheries issues in the activities of the TOR.

3. Territories of advanced development can now be created within the boundaries of single-industry towns.

4. Priority for employment in the territories of advanced development will have citizens of Russia. At the same time, all the guarantees specified in the Labor Code are left unchanged.

Since 1 January 2015, a package of laws aimed at creating territories for advanced development will come into force.
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